Saudi Aramco

Alphabet Inc (NASDAQ: GOOGL) is in talks with Saudi Aramco, a government-owned oil company, related to a potential joint venture to build large technology hubs in Saudi Arabia, according to The Wall Street Journal. The opportunity unites two of the most valuable companies in the world and gives...

OPEC and other non-member energy giants like Russia agreed in June to extend its 2016 supply reduction deal to boost energy. But a few months into the extension and oil prices remain stuck below the $50 per barrel mark, which indicates the agreement isn't working in supporting oil prices. According...

Apple Inc. (NASDAQ: AAPL) is trading within striking distance of its all-time highs of $156.65, which means it's less than $200 billion away from trading at a $1 trillion valuation. CNBC's Jim Cramer talked about Apple's path toward achieving this milestone during Monday's "...

Saudi Aramco, the Saudi Arabian government-owned oil company, is considered the world's most valuable company with estimates ranging in the trillions of dollars with most recent estimates coming in at around $2 trillion. But as the oil giant is prepping for a historic initial public offering, the...

Shares of Moelis & Co (NYSE: MC) were trading higher by nearly 4 percent Wednesday and hit a new 52-week high of $37.55 after the company reportedly landed a giant new advisory contract. According to a CNNMoney report, Moelis, an investment banking advisory firm valued at just $2 billion, has...

Saudi Arabia sold $17.5 billion worth of bonds to international investors, marking the largest debt offering ever by an emerging market economy. According to Gadfly's Marcus Ashworth, Saudi Arabia earned high scores in its first ever debt raise and set an appropriate tone not only for future debt...

Apple Inc. (NASDAQ: AAPL)'s stock has seen some strong momentum over the past month, which has investors and Wall Street debating once again when the company would be worth $1 trillion. The concept of a trillion-dollar company seems hard to fathom, but there is already a company in the Middle East...

Bloomberg’s Andrea Wong recently reported on an unlikely and incredibly tie between the United States and Saudi Arabia. According to Wong, legendary Salomon Brothers bond trader William Simon brokered a secret $100 billion deal between the United States and Saudi Arabia back in 1974 that may...

Saudi Arabia is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and its largest member. So, why is the country hinting that it may pursue a future in which the organization is irrelevant? Saudi Arabia has indicated in the past that it no longer cares for OPEC's...

Saudi Arabia announced over the weekend that its oil minister Ali al-Naimi will be replaced with Khalid al-Falih, the current chairman of Saudi Aramco. Naimi has served as oil minister for more than 20 years and has been widely considered to be the "maestro" of the oil market given Saudi Arabia's...

Saudi Arabia's reliance on the oil industry may come to an end, thanks to a new project dubbed "Vision 2030." Saudi Arabia's Deputy Crown Prince Mohammed bin Salman is being tasked with diversifying the country's economy and ridding its "addiction to oil." As...

Royal Dutch Shell plc (ADR) (NYSE: RDS-A) and Saudi Arabian Oil Company ("Saudi Aramco") have agreed to end their 18-year-old joint venture – Motiva Enterprises. The news comes as Saudi Aramco is weighing an initial public offering, while Shell is in the process of selling $30 billion of...

The price of oil declined on Monday, partly due to Saudi Aramco's Chairman, Khalid al-Falih's comments. According to The Wall Street Journal, al-Falih said at a conference in Riyadh that the next five years will be critical for the oil market and supply and demand will balance at a...

According to a report by Reuters, the Saudi Arabian government is considering issuing shares of its refining ventures, but not in its crude oil exploration and production operations - which would include Saudi Aramco. Reuters, citing "sources familiar with official thinking," noted that Saudi...

Oil prices inched upward on Friday morning in anticipation of data expected to show that the number of U.S. drilling rigs has declined, a signal that producers are cutting back. The commodity’s prices have been on a roller coaster ride over the past month as traders and analysts look for...